Claims & Subrogation
Your cost of damages is increasing and recoveries are not. We can change that, and ensure you are meeting industry benchmarks.
The frequency & severity of claims have increased driven by medical costs, litigation costs, injuries, and strong plaintiffs. Aggressive claims management is necessary but often there isn't a dedicated resource to focus on claims recovery. If there is, the individual is juggling several different responsibilities including claims, safety, human resources, etc.
TrueNorth has built a partnership with Recovery Concepts & Solutions (RCS), who specializes in subrogation. Erik Stremke joined us for this webinar to detail techniques to improve your bottom line - and make sure you aren't leaving money on the table.
In this webinar, we discussed:
- Nuts and bolts off subrogation
- How you can increase your results now
- Tips to recover dollars from old and closed claims
- Industry benchmarks
On average, companies typically recover 10-15% of total dollars paid. When partnering with RCS, we have seen a 50-100% increase in recovery dollars.
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